More Stories

Informist, Monday, Aug. 4, 2025

By Arundathi A R

MUMBAI – Construction company NCC Ltd. is expected to report a double-digit growth in its top line for the June quarter after posting an on-year decline in its net sales in the previous quarter, according to brokerages tracking the company. The company's net profit is also expected to rise on year by double digits.

The company is expected to post a net profit of INR 2.21 billion for the June quarter, up 10.3% on year and up 3.3% over the trailing quarter, according to the average of estimates from five brokerages. NCC's net sales for the latest quarter are expected at INR 52.67 billion, up 11.8% on year but down 2% on quarter.

Antique Stock Broking Ltd. has the highest estimate of INR 2.30 billion for the company's net profit and Dolat Capital Market Pvt. Ltd. has the lowest estimate of INR 2.12 billion. Anand Rathi Share and Stock Brokers Ltd. has the highest estimate of INR 55.74 billion for the company's net sales and the lowest estimate of INR 51.37 billion is again by Dolat Capital.

The expected revenue growth in NCC will be supported by its robust order book, according to brokerages tracking the company. "With a strong and diversified order book of INR 679 bn (billion) as of 4QFY25 (Jan-Mar), approximately 3.1x TTM (Trailing Twelve Months) revenue, we believe NCC is well positioned to sustain strong revenue growth for FY26E," Antique Stock said.   

The revenue of the company is expected to grow 12% against the guidance of 10% given by the management for the June quarter, according to Antique Stock. "Although the company has guided for revenue growth to be on the conservative side at 10% for FY26E, we believe with such a large order book, the company will surpass its said guidance," Antique Stock said.

The new order inflows are expected to drive growth for NCC as well as for the sector in the latest quarter. The company's guidance for its total order inflow is INR 220 billion-INR 250 billion in the June quarter, according to Antique Stock. The company is also expected to post a strong execution of past orders in the June quarter against the low base of the year-ago quarter.

The company's earnings before interest, tax, depreciation, and amortisation, or EBITDA, is expected to be INR 4.82 billion for the reporting quarter, according to the average of estimates from four brokerages. The highest estimate for EBITDA is INR 4.96 billion by Antique Stock Broking and the lowest estimate is INR 4.75 billion by Dolat Capital Market Pvt. Ltd.    

NCC will announce its June quarter earnings Tuesday. Market participants will watch the management's commentary on the pace of new order inflows, strong execution, and guidance for 2025-26 (Apr-Mar).

On Monday, shares of NCC closed at INR 211.46 on the National Stock Exchange, down 1.2%. The stock has fallen 7% since the company announced its March quarter earnings on May 15.

Of the 13 brokerage reports on the company available with Informist, eight have a 'buy' recommendation at an average target price of INR 290 while three have a 'sell' recommendation and two have a 'hold' recommendation on the stock.

Following are the Apr-Jun earnings estimates for NCC Ltd., in INR million, based on reports from five broking firms in descending order of net profit:

End

IST, or Indian Standard Time is five and a half hours ahead of GMT

Edited by Tanima Banerjee

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

Informist Media Tel +91 (22) 6985-4000 

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.